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<br /> �� 0022pj, MORT GAG E
<br /> �ts �rcr►cd. �,.a�.�a�.�,.aa uN. �' . a.,= � �'',r-•..� �.n..
<br /> ' � ��.2�....,we.�.en ch.Ma.ss.po.._. ,tltcks�. J. .rob..ao. . =s.sl. �.s.oa _ ._ _.._
<br /> ....... ............... . .... ........... .......... _._.. .. _. ...._.. _ ___. _:. . _. ._ . ._
<br /> of-- ...Gi�md Ialand ,Coonty o[ Nall _-_ .St�►ot M�+bsaska_ . .Aes�ttsr rel�r�d
<br /> to a�tM BoreoMer,aad the Mortp�ee. FIRBT FEDBRAL SAY3NrS AND IQAN ASSOCIATION OF
<br /> I3NCOLI�*, I235 "N"Stseet. Linco�.Na�6ea�k� BBlS[)1.it�wcc+urwn asd a�p�s, her�i�atter s�e(e�rnd to
<br /> as Leeder.
<br /> Wt�erH: That the seid Borrow�er tot and ia coa�dezatiam ot t2re eaen ot _.'1'NIRxX.�.L6fC�'..'!HO#TSAIiD
<br /> .AifD.1t0/10�---_—. ..-..—.._.__......—.--.....__._.._ .. _...__ Doi:ars (USE__.38,000..9�..- _--....._ )
<br /> ..........
<br /> paid by e�d Lendes,doea herebY mortB�Oe, Bn+K and convey to Lender, ite aucoesson and aseigna; tlse
<br /> tolbwing described propesty located in th�County of ....... ... ...11sll..... ._._.. , State o� Nebreska:
<br /> Lot Nineteen (�9), Kentiah Ai11s S^.bdivision, located in 3ye South Ha1P of the
<br /> PTorthwest Quarter o£ the SoutEzwest Quarter (S�W�� of Section 25, gownship
<br /> 11 North, Range 10 West of the 6th P.24., Hall Crnurty�Nebrsska.
<br /> Toce�raea witll all the improvexaenta now or her�eafter erected on the pmperty, and all ea.sements,
<br /> rights, appurtensnces, rents, royalties,mineral, oil and gas rights and profits, water, water rights, ancl
<br /> water stock,and ail fixtures now or Izereafter attached to the property, all of which, including replace-
<br /> ments and additioas thereto,ahall be deemed to be and rernsin a �art of the p�perty covered by this
<br /> Mortgage; and all of the foregoing, together Evith said pmperEy (c.r the leasehold estate in the event this
<br /> Mortgage is on a Ieasehold) are here=n referred to as the "Property".
<br /> Borrower covenanta that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage,grant and convey the Property, that the Property is unenca�xnbered, and ttaat Borrow*er will
<br /> � warrant and defend generally the title to the Property against all claims and demands, subject to any !
<br /> easements and restrictions listed in a schedule of eaceptions to coverage in any title insurance policy in- �
<br /> ; suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certiSed
<br /> by bonded abatracter.
<br /> PROVIDED ALWAYS� and these presents are executed and delivered upon the following conditions, agree- , � -
<br /> ments and obligations of the Borrower, to-wit:
<br />";. The Borrower agrees to pay to th�e Lender,or order the principal sum of .Tf?=RTY..E��T�T...�J30IISAND
<br />' �' QND_.NO(100-----_---------.----_----------.--------.-----...Dollars (US$---38..RU9.OQ----------------•-�
<br /> payable as provided in a note executed and delivered,concurrently k�erewith,the final payment of principal,
<br /> � if not sooner paid, on the-----�1s#....-------.....day of.------.._....-NSaY-.....__..............��x---'�c007
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<br />� Uxtsosrt CovsxvaxTs. Borrower and Lender covenant and agree as follows:
<br /> 1. Payment oE Principal�d Iaterest. Borrower shall promptly pay when due Lhe principAl of nnd in-
<br />� terest on the indebtedness evidenced by the Note,prepayment and late charges as provided in the Note,
<br />; ' and ti�e principal of and interest on aray Future Advances secured by this Mortgage.
<br />€: ,
<br /> 2 Funds for Tmces and Inaur�ce_ Subject to Lender's option nnder paragraphs 4 and 5 hereof,Bor-
<br /> rower shall pay to Lender on the day monthly installments of principal and interest are payable under the
<br /> Note, nntil the Note is paid in full,a sum (herein "Funde") equal to one-twelfth of the year]y taxes and
<br /> assessments which a�ay attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installrnents for hazard ir.surance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any,all as reasonably estimated initially and from time to tirne by
<br /> Lender on the basis of assessments and bills and reasonable estimates thereof,Lender shall apply the Funds
<br /> to pay said taxes,assessments,insurat�ce premiums tznd�ro und rents. Lender shall make no charge for so
<br /> holding and applyi�g the Funds or v�ifying and compiling said assessments and bills.The Lender shall
<br /> give to the Borrower,withoat charge,an annual accounting of the Fainds showing creciits and debits to the
<br /> Funds and the purpose for which each debit to the Funt3s was made. The Funds are pledged as additional
<br /> aecurity for the sums secured by this LViortgage. The Borrower agrees that the Funds may be held by the
<br /> Lender and commingled with other fuizds and the Lender's own funds and the Lender ma,y pay such items - -
<br /> from its own funds and the Lender sh�ll not be liable for interest oa�dividends on such Funds. "
<br /> If the amount o�the Fnnds held by Lender,together with the €vture monthly inatallments of Funds
<br /> � payab�e prior to the due dates of taaes,asseasments, iasurance pretniums and ground rents, shall exceed
<br /> the amount requirea to pay said taaes; aseessments,ins�arsnce premintns and ground rents as they fa12 due,
<br />"� such eacess shall be, at Borrower's optaon,either promptly repaid tv$orrower or creclited to Borrower on
<br /> � month3y'installments of Funds. If the amoant of the Funds held by Lender shall not be suH'icient to pay
<br />- ta��esr asseasments, inauraace premiums and ground reats as they fall due, Borrower shall pay to Lender
<br /> anY�ow�t necessary to make up the de$caency withia thirty days after notice from Lender to Borrower
<br /> requesting payment theteof, or Borrow+er ehall, by an increase in monthly installments of Funds required,
<br /> repay.the deficieacy within the Fund accounting period.
<br /> Upon pnyment ia full o#all aums aecured by this Mortgage,Leader ahail apply Fvnds held as a czedit
<br /> against ali sums due_
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